Saudi Arabia

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Crude oil gets cheaper...again

Nov 4, 2014
Why the world’s largest oil exporter cut prices for crude oil sold to the U.S.
Posted In: crude oil, Saudi Arabia, oil prices
A pumpjack works oil from the ground near the loaction of the second stop of the Red Bull Cliff Diving World Series, on June 4, 2014 in Possum Kingdom Lake, Texas.

What could slow U.S.'s surging oil output? Low prices.

Oct 10, 2014
Fracking for oil is expensive, so at some point falling prices will make some wells unprofitable.
Posted In: big oil, Saudi Arabia, texas

Saudi Arabia pledges $3bn to help Lebanon fight Hezbollah

Dec 30, 2013
Saudi Arabia has made a $3 billion pledge to help Lebanon buy arms to counteract the role of Hezbollah.
Posted In: Saudi Arabia, lebanon, hezbollah

U.S. to become world's top oil producer

Nov 12, 2012
The International Energy Agency is forecasting that the U.S. will become the biggest oil producer in the world within the next decade.
Posted In: Oil, Saudi Arabia, alternative energy

Is the U.S. at risk of another OPEC oil embargo?

Oct 2, 2012
The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Posted In: Saudi Arabia, OPEC, Oil, energy

In Dave Eggers' 'Hologram,' the fall of U.S. manufacturing

Jul 18, 2012
In his new novel, "A Hologram for the King," Dave Eggers muses on manufacturing and the global economy though the eyes of a struggling American businessman in Saudi Arabia.
Posted In: Saudi Arabia, King Abdullah Economic City, Economy, Dave Eggers

Saudi Arabia goes solar

May 11, 2012
The world's largest oil exporter isn't necessarily concerned about saving the planet. It's about being able to export even more crude.
Posted In: Saudi Arabia, renewable energy, solar

Price of oil rises slightly above $100 a barrel

Jan 18, 2012
Saudi Arabia is using a steady hand to ensure stable prices of oil, even if that means increasing supply. It's in their best economic interest.
Posted In: Oil, Saudi Arabia

Iran oil blockade unlikely to go through

Dec 28, 2011
Halting, or even dislocating, the flow of one-fifth of the world's oil supply could send the price of crude into the stratosphere. But the oil market doesn't appear to take the threat seriously.
Posted In: Oil, Saudi Arabia, oil prices

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